tv BBC World News America PBS July 21, 2011 2:30pm-3:00pm PDT
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>> this is "bbc world news america." is a deal. european union leaders agree to a new lifeline for greece's debt ridden economy. paying a heavy price in libya. rebel forces are keeping up the fight, but now it is losing their commanders are trying to prevent. >> having fired the imagination of a generation, its place in history is secure. the space shuttle pours into -- pulls into port for the last time. >> the shuttle atlantis touches down for a final time.
welcome to our viewers in -- on pbs in america. after frantic emergency meetings in brussels, eurozone leaders have just announced a second rescue package for the greek economy. but economic woes stretch much further than greece. the very stability of the euro is being called into question. for answers, we could go to the bbc correspondent in brussels. james, what exactly has been agreed? >> the leaders of the eurozone believe they have turned the corner tonight and have put in place what they believe is a credible rescue package for greece, and also won the believe will strengthen vulnerable economies and the entire euro project. in greece, with private sector involvement, they believe they have substantially reduced the greek level of debt and have sent a strong signal that the burden will be shared between
taxpayers in the wealthier european economies and some of those who have lent to greece. the will have to take a hit voluntarily in agreement with european union governments. this is how it was portrayed by the president of the european union, summing up his feeling about the outcome. >> ladies and gentlemen, dear colleagues, i am glad to announce that we found a common response to the crisis situation. our meeting was focused, and european leaders defending the financial stability of the euro area. today, we reached three important decisions fully supported by all of us. we improved the great debt sustainability. we took measures to stop the risk of contagion. finally, we committed to improve the crisis management.
>> that was harmon and rahm oy -- herman van rompuy. what about greece itself? george papandreou was also on the platform to make clear he felt that europe had done a great deal to make it much more possible for him to put in place long-term reform in greece, although it has to be said the proof of that will only emerge over the coming months. the prime minister of greece. >> the greek people are a proud people. we are a proud people. we are a creative and industrious people. the only thing we are asking for is the right to make major changes in our country, profound, deep changes in our country. and we are committed to implement this program for these changes, to make our country a
viable one, a just country and society, one of growth and job creation. >> the prime minister of greece once again committing publicly to great structural reforms within the greek economy, something i think many will be wary of because they have heard such things before and feel that so far greece has failed to deliver. >> how exactly does this deal help stabilize the whole eurozone? >> the intention is to help stabilize the entire eurozone by providing the zone with stronger weapons, if you like, to intervene earlier in future crises, partly by being able to give lines of credit to countries which have not necessarily gone into deep crisis but are vulnerable, so it could be used to help italy, to help spain -- countries that and not required bailout so far, and they let's could not be afforded
for economies of that scale. it allows for intervention and crisis measures before disaster has already struck. and it likens the burden on ireland and portugal, who are the subjects of the other rescue bailout plans. the whole idea is that the credibility of europe's response is heightened in the market by the extent of changes being made tonight. the test of course will be when the market judges' act will performance against the promises made in brussels this evening. >> joining me now with more on the global significance of today's deal, the international economy editor at "the financial times." the first bailout of greece did not work. why is this going to? >> it is not certain it will. there were two reasons the first one did not work. greece found it quite difficult to stick to a lot of the tough measures, the austerity measures. the others were simply that the
eurozone itself has been in chaos and confusion for a year, trying to work out how they are going to bail out countries and what they are going to ask of the private sector. today, they say they have started it out. but it remains to be seen whether there will be a big enough reduction in great that for that to happen, and whether they have managed to build a fire wall around greece. >> do you think this deal is just another sticking plaster? >> i think it will be difficult for this deal completely to save greece. it is not clear, because we are not seeing all the details. the reduction in debt that private debt holders are expected to take is not that big. it is a reduction of 20% in the net present value. unless the official debt is good to come in with gigantic amounts of money -- greece is going to still have a giant debt burden. it is difficult because the
greek growth rate is not high and the government has trouble collecting taxes. unless greece suddenly becomes much more productive and competitive, it is likely they will have to come back and do another debt reduction further down . >> is this bailout ultimately political by leaders who want to save the eurozone, red and economic? >> when it comes to saving the eurozone, the two are intertwined. you could be more cynical and say it is to do with saving their own banks. it is the german and french banks which are right up to their necks in greek that. i think there is certainly a case now that this is a eurozone-wide problem, and has the potential to become a global problem. it concerns all the economies in the eurozone. if there is existential doubt about the currency itself, everyone will suffer. >> will this be a turning point
in the eurozone crisis? >> it could, but i think it will be difficult to see. will have to see in days and weeks and months. what will help is that ireland and portugal, which are not in as bad a situation, will get much better official lending. this is what they should have done more than a year ago. it might well help ireland and portugal. whether it is a turning point for greece itself is doubtful. >> thank you very much indeed. in libya, and rebel commanders in the country's western mountains have told the bbc they are taking steps to deal with looting, despite dismissing it as a small problem. commanders of the opposition forces deny human rights abuses and say they are doing everything they can to establish the rule of law. from the mountains in western libya, paul wood fired this report.
-- filed this report. >> libya's rebels are paying a heavy price for freedom. every inch of ground is hard one. -- won. to prevail in the and, they will need nato help. and for that they must maintain their credentials and the good guys -- as the good guys. the commanders know how damaging it will be if this starts to look like just another civil war. there has been looting in towns captured by the rebels. their leaders admit that now. in the western mountains, they say they are taking steps to deal with the problem. in one village just taken by the rebels, we found notices warning fighters not to loot. >> no fire. no burn. no thief. you understand? >> in the villages which were
loyal to the regime, inhabitants have fled, occupants too fearful to remain behind. in territory recently won by the rebels, five bodies were discovered in government uniform. they had been dumped in an underground water tank. the images are too graphic to show in fall. one was decapitated. another was stripped from the waist down. the rebels said they were killed by other retreating gaddafi troops. but they also asked local drivers not to take journalists here. this site has been bulldozed over. we do not know for sure what happened to the men whose bodies were left here. where they executed as deserters by their own side, as the rebels say, or did something happen to them after they were captured? there are no firm conclusions, just a lot of questions. one question is why are the military authorities on this
side so keen to be -- to keep people away from this place. that is a question i put to the senior military commander. >> we are not against journalists taking pictures. sometimes the media goes places without an escort and publish what they want. that is not good. >> some of the rebels agreed that there is risk in openness. others warn of making the new regime too much like the old. as the fighting continues, the character and direction of this revolution is still being decided. paul wood, bbc news, western libya. >> the president of mali has rejected calls to step down, -- malawi has rejected calls to step down, despite the deaths of at least two people in riots. in an address to the nation's president, he promised to talk
to the opposition. nato is investigating allegations its computer network has been hacked. a group of international hackers calling itself anonymous said it had breached data security and downloaded hundreds of confidential documents. queen elizabeth's second son, prince andrew, is stepping down as his -- as the representative of trade. he has been criticized for his association with an american businessman convicted of sex offenses against a girl under the age of consent. the phone hacking scandal rocked the british establishment and led to an fbi investigation. two senior former employees have accused james murdock of being mistaken in one of his answers to the select committee of parliament early this week, a charge he denies. for all their troubles, rupert murdoch got a boost when a saudi prince who controls much of the
company voiced his support. what about the rest of the board? it is addressed in an article in "the daily beast" today. news corporation shares are up. the news hacking scandal is off the front pages for the first time in two weeks. but independent directors have hired their own top lawyers. why? >> we are getting mixed signals. we have heard the board have hired some lawyers to protect shareholder value and to guard against their own legal exposure. there have also been reports that some of the more independent minded directors are beginning to think about ways in which rupert murdoch could give up his title as ceo of the company. on the other hand, this is a board murdoch controls pretty firmly. it is hard to say what will happen yet. >> who exactly is on the board? >> it is a funny bunch.
there are 16 board members. they cover a lot of ground. there is a former head of state and there is an opera singer. there is quite a range of experience. the one thing they all have in common is they are there because murdoch wants them to be. he can control them to their loyalty. maybe they spend their entire career with news corporation. >> to you think the board will what rupert murdoch to be succeeded by another murdoch, or by someone else outside the family? >> that is a a good question. i think we can look to the biggest source of the rumors so far, chase carey, the company co. -- coo. that is somebody who walks a fine line. he is not named murdoch, but he has a hand in glove relationship with rupert.
he threads the needle as somebody who is not james or elizabeth murdock, but he is also not so far away from rupert there would be any disruption in the company's operations worldwide. >> if there were any criminal prosecutions as a result of these investigations, what with the position of the board members be? would they be liable in any way? >> it is possible. if there are criminal investigations, that is when you will start to see action, once these guys have skin in the game. as long as everyone stays out of the courts -- rupert murdoch controls many of the voting shares and board members. he will be able to keep them in line. what we are hearing so far are the early beginning mumblings of the very few members of the board that are somewhat independently minded.
>> you think board members are starting to cover their backs a bit? >> they are starting to use the press. there are conflicting reports on bloomberg and reuters that some of the board members are getting antsy. the people on the board who have been with murdoch for 20 or 30 years -- these are not going to be people who split with him either publicly or privately. >> thanks for unpicking the board of news corporation for us. you are watching "bbc world news america." still to come, saying farewell to the shuttle fleet as atlantic -- atlantis touches down for the last time. what will the future of american space travel holdbacks -- cold? paul women are more likely to contract some of the most -- tall women are more likely to contract some of the most common cancers.
but a 37% more likely to develop a tumor. our health correspondent reports. >> we are all at risk of developing cancer, and rising rates mean four in 10 of us will get the disease at some point in our lives. it now seems taller people are the most vulnerable. the study looked at a million people and found the taller they were the greater their risk of developing 10 of the most common cancers. for small women, about 5 foot tall, 750 out of every 100,000 developed cancer in a year. for women of average height, 5 foot 4 inches, 850 after -- out of every 10,000 developed cancer. four tall women, 5 foot 9 inches or taller, 1000 out of every 10,000 developed cancer. >> probably the most popular theory is it is something to do with the hormones that regulate
growth that also make cancer cells grow faster. it could be simpler. tall people have more cells. that is more that can go wrong. but those are just ideas. we do not know. >> more and more people are being treated for cancer. the rise in average height may be one explanation, but the picture is complicated. >> it is important to remember the risk of cancer associated with increased height is quite small, and not as big as the risk associated with things like smoking, drinking alcohol, or being overweight, which are things you can do something about. >> improved treatments mean more of us are surviving cancer. there is still a lot to learn about the condition, but the study adds to expert understanding. >> after 30 years and millions of miles, today the u.s. space
shuttle program officially came to an end, touching down just before dawn. four astronauts aboard atlantis were greeted by a record crowd. nasa is looking to the future, but today was about celebrating the past. david shook reports. >> 3.5 minutes until touchdown. >> two o sonic booms as the space shuttle appeared, still high in the night sky, the nose cone glowing white with extreme heat. every landing is tense. one ended in disaster. here is the pilot's view. emotions running high for the final spectacular touchdown. words to match. >> having fired the imagination of a generation, a ship like no other, the space shuttle pulled into port for the last time, its
voyage at an end. >> don at cape canaveral. the shuttles have flown for 30 years, but there is no immediate replacement. commander chris ferguson made a sentimental plea for america to keep exploring space. >> i want that picture of a young 6-year-old boy looking up at a space shuttle in a museum and saying, "daddy, i want to do something like that when i grow up." >> what did the shuttle achieve? it built the international space station, a giant orbiting laboratory. and they launched the hubble telescope, providing extraordinary glimpses of distant galaxies. "will america do next? it will rely on russian rockets to get astronauts to the space station for several years. then commercial operations with new spacecraft will be paid to do the job of getting into
orbit. nasa will send missions deeper into space, to asteroids or to mars, but only if there is the money. this new animation shows how nasa might land on an asteroid. but it may just be wishful thinking on a sad day. tonight, the slow haul for retirement, watched by huge crowds. many thousands will lose their jobs. no one is exactly sure what will come next. >> for more on today's final landing, a spark a brief time ago with in the in kick and -- with the reporter in cape canaveral. >> the spaceship atlantis landed for the final time this morning at around 6:00. a huge cheer went up amongst all the people that were taken down
right to the runway, where the shuttle landed. it has been bittersweet for nasa. they are reflecting on a 30-year space program that has been hugely successful. at the same time, tomorrow 4000 people will lose their jobs, and thousands more will be affected by what has become a way of life. nasa has wanted to concentrate on the achievements of the shuttle program, putting the hubble telescope into space and building the space station. at the same time, a day tinge with sadness. >> when is nasa next one to send and american astronauts into space? do we know? >> i spoke to the nasa boss earlier. they took us down to the runway. americans will still be in space even though the shuttle has ended. but the truth is for the first time in a generation america
will not have a presence in space. the kennedy space center is famous for launches and landings. it will become deserted over the next few years. but they are hoping private companies will bid to build taxis that will go from here to the international space station and back again. but it really is a tinge with sadness, a reflection of what the study has achieved. but america has essentially dropped out of the space race. >> the end of the space shuttle program in florida. over the last three decades, the shuttle has provided its share of triumphs and tragic moments. the one final look back at the spacecraft that provided so many memorable moments. >> we have gone for main engine start. the shuttle has cleared the tower.
>> and lift off. lift off by the 25th space shuttle mission. >> you are looking very carefully at the situation. is anything malfunctioning? >> we have booster ignition and liftoff of space shuttle columbia. >> houston, uhf comm check. ♪ columbia, houston. uhf comm check. >> for me, the space program has always captured an essential part of what it means to be an american. the question now is whether that was the beginning of something or the end of something. i choose to believe it was only
the beginning. i believe we can send humans to orbit and mars and returned safely to earth. a landing on mars will follow, and i expect to be around to see it. >> having fired the imagination of a generation, a ship like no other, its place in history secure, the space shuttle pulls into port for the last time, its voyage at an end. >> of the space shuttle coming in for its public land in. that brings us to the end of today's program. for updates, you can always does of our website, bbc.com. for all of us that bbc world news america, thank you for watching. see you tomorrow.